Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 P.M. market update for Wednesday, the 14th of December.
Here we go again with Europe
Europe is front and center in investors minds again, as Italian bond yields hit new highs.
King Dollar
The Euro falls to it lowest levels in 11 months. Long live the king!
Where are the Gold Bugs? Did they all get squashed?
Everyone is bailing out of the gold market. Today we will examine if now is the right time to get long this fallen metal.
3 Stocks to look at
These stocks are having big percentage changes today, but did any of these moves change the trend? We will examine these three stocks with our Trade Triangle technology, and see if they are worthy of your consideration.
Now, let’s go to the one truth we count on everyday here at MarketClub, our Trade Triangle Technology!
————-
S&P 500 INDEX
————-
BIG PICTURE: Emerging Bearish Trend
Our Trade Triangle technology is indicating a Chart Analysis Score of -75. This score illustrates a possible emerging trend to the downside. The MACD has also turned back down and is calling for more weakness. The same story is being told with our PSAR indicator. Our weekly Trade Triangle turned positive over a week ago, signaling that intermediate term traders should be out of this market. Long-term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = -75
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s S&P 500 Video Here.
————-
Suggested S&P 500 Trading Instruments:
Non Leveraged ETF’s: (Long SPY) (Short SH)
2 x Leveraged ETF’s: (Long SSO)(Short SDS)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
————-
SILVER (SPOT)
————-
BIG PICTURE: Strong Bearish Trend
No change in our comments for silver. With a Chart Analysis Score of -100, the silver market is in a strong trend to the downside. Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles. Long-term and intermediate term traders and short term traders should be in short positions in silver with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trend = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = -100
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s Silver Video Here.
————-
Suggested SILVER Trading Instruments:
Non Leveraged ETF’s: (Long SLV) (Short the ETF SLV)
Leveraged ETF’s: (Long AGQ) (Short ZSL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
————-
GOLD (SPOT)
————-
BIG PICTURE: Emerging Trend
A close below $1600 an ounce today would be the lowest close we have seen in this metal since July. A major trend line comes into gold at the $1500 level this week and we would expect that level to offer major support. The gold market continues to move lower, but is not yet in a full fledged bear market. Gold has a Chart Analysis Score of -70, which equates to an emerging trend. With our monthly Trade Triangle so far remaining in a positive position we are longer term bullish on this metal. Intermediate term traders should be out of this market at the moment and on the sidelines waiting for the next signal with the weekly Trade Triangle.
Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bearish
Combined Strength of Trend Score = -70
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s Gold Video Here.
————-
Suggested GOLD Trading Instruments:
Non Leveraged ETF’s: (Long GLD) (Short the ETF GLD)
Leveraged ETF’s:(Long UGL) (Short GLL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
COPPER (MARCH)
————-
BIG PICTURE: Emerging Bear Trend
With today’s Chart Analysis Score of -75, the market is in an emerging trend to the downside. Resistance comes into copper at $3.40 with support at $3.20. As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices moving lower today, it is in return reflected in lower copper prices. The major trend based on our monthly Trade Triangle continues to be negative. Long-term traders should continue to hold short positions in copper with appropriate money management stops. Intermediate term traders should now be on the sidelines.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = -75
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s Copper Video Here.
————-
Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
CRUDE OIL (MARCH)
————-
BIG PICTURE: Trading Range
Attention, we are now looking at the March (E) contract for Crude Oil. A close today below $95.9 on the March contract puts in a double top for this market. A pullback in this market to the 61.8% Fibonacci retracemet level brings crude back to $85.93, basis March. Support comes in around the $95.98 level today. With two of our Trade Triangles green, giving us a +55 Chart Analysis Score, we are in a trading range for crude oil. Long-term traders should be long this market with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = +55
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s Crude Oil Video Here.
————-
Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
————-
DOLLAR INDEX
————-
BIG PICTURE: Strong Bullish Trend
New highs in the Dollar index today reflect our analysis for the past month. Resistance kicks in today at $81.00 to $81.75. With all of our Trade Triangles in a positive mode we remain firmly committed to the bullish trend in this market. Long-Term and intermediate term traders should maintain long positions with the appropriate stops in place.
Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
Combined Strength of Trend Score = +100
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today’s Dollar Index Video Here.
————-
Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF’s: (Long UUP) (Short UDN)
Leveraged ETF’s: (Long) (Short)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————-
REUTERS/JEFFERIES CRB COMMODITY INDEX
————-
BIG PICTURE: Strong Bearish Trend
The collapse in crude oil today managed crashed this index below the $300 level for the first time since early October. This market now looks ready to challenge the lows seen on October 4th at $292.39. Based on our Trade Triangle technology showing a Chart Analysis Score of -100, this index is in a strong bearish trend. Support should be seen at the $292 - $295 area for the balance of this week. With all three of our Trade Triangle indicators red we remain firmly in the bearish camp for this market. Our long, intermediate and now short-term Trade Triangles remain negative for this index. Long-term and intermediate term traders should continue to hold short positions in this index with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = -100
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
—————
See today’s REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
—————
Suggested REUTERS/JEFFERIES CRB COMMODITY INDEX Trading Instruments:
Non Leveraged ETF’s: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF’s: (Long) (Short CMD)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
————–
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
————–
Tonight we broadcast our Live one hour show on the markets. We will take your questions and calls, so be sure to watch MarketClub TV, tonight at 5 PM EST.
Call 410 867-2100 ext 129 or email us at
ma**********@in*.com
with your questions. We will do our best to answer them on tonight's show.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Hello!
Is there an ETF to short Copper?
Thanks
Dear Sir,
In trade triangle analysis will you explain the meaning of short term, intermediate term and long term in terms of number of days.?
With the overall markets being beaten right now, one might want to wait until the reversal... and in the meantime, consider such options as PSQ, SH, TZA, DOG, etc. Just an idea and a way I'm making money as these markets drop.
Europe had 3 months before intervention,I wonder if they can last a month.
And to you...2011 was a fantastic trading year for short-term trading, and I think 2012 will be even better for overall trading because the market appears to be finally figuring out what it wants to do.
Hi Adam: I like the quality and depth of MarketClub-Trader's Blog. Keep up the good work. Most of the time, it is what is being by the trader's that makes, breaks or puts jazz to a product. New York can jive with California. Sending you wine, tech and natural giddiness from the San Francisco Bay Area.
Sincerely
Tamara
San Francisco/Berkeley/CA
Adam,
You said something very important on this video when looking at Avon. It appears it could possibly go up from $18 or so to around $19, but the overall trend is definitely negative.
You said, "I like to play for bigger moves than a dollar."
This is so important. I think some of the negative results traders get, even using Market Club, occur because they play for these small gains in two ways. First, they make risky bets against the trend, hoping to scalp a little something. Second, they use a trade triangle and it goes against them initially so they panic and sell at a loss, only to see the longer-term trend kick in later while they're on the sidelines.
Both of these approaches will kill most trader accounts (scalping and day-trading can work, but it's a whole different skill-set).
Thanks for the reminder that we should be standing 5-feet back from the charts rather than 2 inches away with our fingers on the buy/sell button.
Cheers
DGDye,
Always good to hear from you.
Thanks for your feedback.
All the best in 2012.
Adam